Multiple Choice
Neoclassical/free market economists tend to feel that income inequality across occupations and between people reflects: (Please select all that apply.)
A) The relative differences in the demand and supply in individual labour markets
B) The ability of one class to exploit its economic and political power over other classes
C) The need for the economy to provide greater incentives in occupations where the demand for labour is high and the supply is limited
D) The fact that ownership of capital is restricted and that it is the unearned income from this that is the biggest determinant of income inequality
Correct Answer:

Verified
Correct Answer:
Verified
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